Apple’s Lead AI Researcher for Robotics Heads to Meta as Part of Latest Exits
Sam Altman, chief executive of OpenAI, and Eddy Cue, senior vice president of services at Apple. (Bloomberg) —…
UK Markets Slide as Debt Angst Drives 30-Year Yield to 1998 High
City workers pass the Bank of England, centre, in London. Photographer: Chris Ratcliffe/Bloomberg (Bloomberg) — UK markets suffered…
Wall Street’s Momentum Train Hits Full Speed Into September
(Bloomberg) — Even after Friday’s stock dip, Wall Street’s risk-on momentum train is barreling into September at full…
UnitedHealth Ongoing Criminal Probe Is Broader Than Medicare
(Bloomberg) — The US Justice Department’s criminal division is digging into UnitedHealth Group Inc.’s prescription management services as…
US Inflation to Edge Up as Powell Shifts on Job Market
Jerome Powell arrives for a dinner during the Kansas City Federal Reserve’s Jackson Hole Economic Policy Symposium in…
Credit Fuels the AI Boom — and Fears of a Bubble
Sam Altman (Bloomberg) — Credit investors are pouring billions of dollars into artificial intelligence investments, just as industry…
Oracle Rides Major Deals With OpenAI, Nvidia to Turn Around Cloud Business
Oracle Chairman Larry Ellison changed his mind on the importance of cloud computing, leading the company to relevance…
Funds With $617 Billion Turn Less Bearish on China, Survey Shows
Stock market information displayed at the Nasdaq MarketSite in New York, US, on Monday, Aug. 5, 2024. A…
US Retail Sales Point To Resilience
US retail sales posted solid advances in consecutive months for the first time this year, tempering concerns of…
Central Bankers Flock to Jackson Hole at Pivotal Moment
(Bloomberg) — A big week is coming up for the Federal Reserve and central bank enthusiasts. The Kansas…
Norway Holds Key Rate, Keeps Prospect of More Easing in 2025
Norges Bank governor Ida Wolden Bache (Bloomberg) — Norway’s central bank kept borrowing costs steady after a surprise…
Trump’s Tariffs, BoE Cuts Rates, Brazil Hosts COP30 And More
The Bank of England reduced interest rates to a more than two-year low in a closer-than-expected decision that…